FILINGStrategy (MSTR) · 8-K · accepted Monday, Jan 26, 2026, 8:00 AM ET
Strategy bought 2,932 BTC, bringing its total to 712,647 BTC; raised $264.0M selling common and STRC
From Strategy’s 8-K, accepted by the SEC on Jan 26, 2026 at 8:00 AM ET, covering Jan 20 to Jan 25.
What it says
Strategy reports ATM sales of STRC and MSTR and a purchase of 2,932 bitcoin for the period January 20, 25, 2026, bringing holdings to 712,647 BTC.
The numbers
| Bitcoin bought | 2,932 BTC | Jan 20 to Jan 25 |
| Average price | $90,061 | per bitcoin |
| Cost | $264.1M | |
| Bitcoin held after | 712,647 BTC | |
| ATM capacity left | $8.17B | as of Jan 25 |
| ATM capacity left · STRC | $3.62B | as of Jan 25 |
| ATM capacity left · STRD | $4.01B | as of Jan 25 |
| ATM capacity left · STRF | $1.62B | as of Jan 25 |
| ATM capacity left · STRK | $20.33B | as of Jan 25 |
| ATM net proceeds | $257.0M | as of Jan 25 |
| ATM net proceeds · STRC | $7.0M | as of Jan 25 |
| ATM net proceeds · STRD | $0 | as of Jan 25 |
| ATM net proceeds · STRF | $0 | as of Jan 25 |
| ATM net proceeds · STRK | $0 | as of Jan 25 |
| ATM shares sold | 1,569,770 shares | as of Jan 25 |
| ATM shares sold · STRC | 70,201 shares | as of Jan 25 |
| ATM shares sold · STRD | 0 shares | as of Jan 25 |
| ATM shares sold · STRF | 0 shares | as of Jan 25 |
| ATM shares sold · STRK | 0 shares | as of Jan 25 |
| Average bitcoin cost | $76,037 | as of Jan 25 |
| Total bitcoin cost | $54.19B | as of Jan 25 |
What it changed
Bitcoin held
709,715 BTCbefore
712,647 BTCafter this filing
From the filing
mNAV
1.16xJan 23 close
1.16xpro forma at Jan 23’s prices
1.16xJan 26 close
Enterprise value (diluted market value plus debt and preferreds, minus cash) ÷ bitcoin held. Pro forma: this filing’s bitcoin at the previous close’s prices
Sats per diluted share
195,590Jan 23 close
195,552Jan 26 close
Bitcoin per diluted share × 100 million
Years of preferred dividends covered
78.0 yrsJan 23 close
77.1 yrsJan 26 close
Bitcoin and cash ÷ a year of preferred dividends at current rates (note interest not included yet). A year of dividends went from $843.3M to $844.6M: a new preferred counts once Strategy’s reported cash and bitcoin include the money it raised, and this filing is the first that does
Also that day
Source
Form 8-K filed by Strategy Inc with the SEC, accepted Monday, Jan 26, 2026, 8:00 AM ET. Accession 0001193125-26-021726.
Summary and figures read from the filing by Orange Paper’s filing reader and checked before publishing. Calculations (pro forma and close figures) are ours.